SCHOOL PLUS

PURPOSE
  1. Construction of school building/ Auditorium
  2. Repair /Renovation of Existing Building
  3. Purchase of books /Manuals /software and other training material
  4. Purchase of Computers and other related equipments
  5. Purchase of Laboratory Equipments
  6. Purchase of Furniture/Fixed Assets/ Sports Equipments
  7. Equipments for Mid Day Meal Schemes
  8. Purchase of buses for student transportation
ELIGIBILITY
  1. Govt. Aided School
  2. Private School/Colleges
  3. School /College run by Trust of goodstanding
  4. Technical institute recognised by AICTE/NBA/MCI
  5. More than one loan can be granted subjects to repayments capacity as stipulated
QUANTUM OF FINANCE
  1. Max: Rs. 1 Cr.
  2. Minimum DSCR :1.75
MARGIN

Min:: 15% of Project Cost

INTEREST RATE

As prescribed by the Bank, Interest will be applied on monthly compounding basis